News

Murray PR sells offices for €3m

JOE MURRAY and Jim Milton, the founders and owners of Murray Consultants, one of Ireland’s longest-established public-relations companies, have secured €3m from the sale of the company’s former head office.

Built in the mid-19th century, the property at 35 Upper Mount Street in Dublin’s city centre has been acquired by an unnamed British financial services group, which is planning to refurbish the Georgian building. It covers four floors and has eight car-parking spaces.

Murray Consultants vacated the near 4,000-sq-ft property about 12 months ago when the PR firm relocated to a larger property at Grand Parade near Ranelagh. The company had occupied the building since the mid-1980s.

Murray and Milton, who jointly owned the property, originally sought to rent the building. But weak demand for office space created by the collapse in the technology sector and the slowing economy meant it attracted little interest.